Royalty Management (RMCO) Expected to Announce Earnings on Wednesday

Royalty Management (NASDAQ:RMCO) will likely be releasing its results before the market opens on Wednesday, May 13th. Analysts expect Royalty Management to post earnings of $0.0028 per share and revenue of $1.5860 million for the quarter.

Royalty Management (NASDAQ:RMCO) last posted its quarterly earnings data on Monday, April 6th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). Royalty Management had a negative return on equity of 6.18% and a negative net margin of 14.71%.The company had revenue of $1.40 million for the quarter, compared to analysts’ expectations of $2.00 million.

Royalty Management Trading Up 4.5%

Shares of RMCO stock opened at $3.00 on Wednesday. The company has a market capitalization of $45.45 million, a price-to-earnings ratio of -75.00 and a beta of 0.01. The firm has a 50-day moving average price of $3.30 and a 200 day moving average price of $3.26. Royalty Management has a twelve month low of $0.98 and a twelve month high of $5.00.

Royalty Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be given a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Royalty Management’s payout ratio is currently -25.00%.

Institutional Trading of Royalty Management

An institutional investor recently bought a new position in Royalty Management stock. Blair William & Co. IL acquired a new position in shares of Royalty Management Holding Corporation (NASDAQ:RMCO) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned 0.18% of Royalty Management at the end of the most recent reporting period. Institutional investors and hedge funds own 67.15% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Royalty Management in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Royalty Management Company Profile

Royalty Management Corporation is a Houston‐based mineral royalty acquisition and management company that owns and operates a diversified portfolio of oil and gas royalty interests. The firm’s primary business activity is the acquisition of royalty and overriding royalty interests in onshore oil and gas properties, allowing investors to participate in production revenue streams without the operational risks associated with drilling and exploration. Royalty Management targets assets in established U.S.